09 March 2017

Japanese firm to build ship recycling plant in Philippines

Tsuneishi Shipbuilding is
reportedly going to invest around $100 million on project.

The
Japanese shipbuilding company Tsuneishi Shipbuilding Co. Ltd., has reportedly
announced plans to build a ship recycling facility in the Visayas region of the
Philippines.

The
Manila Standard reports that Tsuneishi will invest around 5 billion pesos (US
$100 million) to build the plant, and the facility, when fully operational will
result in 6,000 jobs.

In the article, Philippines’ Trade Secretary
Ramon Lopez notes, “We met Tsuneishi president Kenji Kawano to discuss the
expansion plans of Tsuneishi shipbuilding in the Philippines. Our discussions
now also covered a prospective third project on ship recycling, using the
latest internationally accredited green technologies,” he said.